The Reserve Bank of India (RBI) has announced the recruitment notification for 94 Grade B officer positions. The registration process for these vacancies will commence on July 25 and close on August 16, 2024. Eligible and interested candidates can apply by visiting the official RBI website.
Important Dates
- Notification Release Date (Short Notice): July 19, 2024
- Detailed Notification PDF Release Date: July 25, 2024
- Online Application Start Date: July 25, 2024
- Last Date to Apply: August 16, 2024
- Phase-I Online Examination for Grade ‘B’ (DR) – General: September 8, 2024
- Phase-I Online Examination for Grade ‘B’ (DR) – DEPR/DSIM: September 14, 2024
- Phase-II Online Examination for Grade ‘B’ (DR) – General: October 19, 2024
- Phase-II Online/Written Examination for Grade ‘B’ (DR) – DEPR/DSIM: October 26, 2024
Vacancy Details
- Officers, Grade ‘B’ (DR) – General: 66 posts
- Officers, Grade ‘B’ (DR) – DEPR: 21 posts
- Officers, Grade ‘B’ (DR) – DSIM: 7 posts
Application Fee
- General/OBC/EWS: Rs. 850 + 18% GST
- SC/ST/PWD/EXS: Rs. 100 + 18% GST
Eligibility Criteria
Educational Qualification:
- General (DR): Graduation in any discipline with a minimum of 60% marks (50% for SC/ST/PwBD) or Post Graduation with a minimum of 55% marks (pass marks for SC/ST/PwBD).
- DEPR: Master’s Degree in Economics, Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, or Industrial Economics; or a Master’s Degree in Finance or related fields.
- DSIM: Master’s Degree in Statistics, Mathematical Statistics, Econometrics, or related fields with at least 55% marks (50% for SC/ST/PwBD); or a Master’s Degree in Mathematics, Data Science, Artificial Intelligence, Machine Learning, or Big Data Analytics; or a Bachelor’s Degree (4 years) in Data Science, AI, ML, or Big Data Analytics with at least 60% marks (50% for SC/ST/PwBD); or PGDBA with at least 55% marks (50% for SC/ST/PwBD).
Age Limit:
- Minimum Age: 21 Years
- Maximum Age: 30 Years
Job Profile and Responsibilities
RBI Grade B Officers are key players in India’s financial sector, responsible for shaping policies influencing interest rates, inflation, and economic growth. They ensure banks adhere to regulations, oversee various government accounts, manage currency issuance, analyze economic data, conduct bank inspections, and liaise with financial institutions.
Selection Process
The selection process involves five stages:
- Phase-I Exam: Online test covering English Language, Reasoning Ability, Quantitative Aptitude, and General Awareness.
- Phase-II Exam: Advanced test for qualified candidates.
- Interview: For candidates who clear Phase-II.
- Document Verification: Verification of qualifications.
- Medical Examination: Health check to ensure fitness for the job.
Exam Pattern
Phase-I Exam Pattern for Grade ‘B’ (DR) – General:
- Reasoning Ability: 60 questions, 60 marks, 45 minutes
- English Language: 30 questions, 30 marks, 25 minutes
- Quantitative Aptitude: 30 questions, 30 marks, 25 minutes
- General Awareness: 80 questions, 80 marks, 25 minutes
- Total: 200 questions, 200 marks, 120 minutes
Application Process
- Visit the official RBI website: RBI Website
- Click on “Current Vacancies” under ‘Opportunities@RBI’.
- Select the link for RBI Grade B Notification 2024 and read it carefully.
- Click on “Apply Online” and complete the registration process.
- Fill out the application form with accurate details.
- Upload scanned copies of required documents.
- Pay the application fee and download the payment receipt.
- Review the application form before final submission.
- Submit the form and take a printout for future reference.
Career Growth
RBI Grade B Officers have a clear career progression path, starting from Assistant Manager to Manager, Assistant General Manager, Deputy General Manager, General Manager, Chief General Manager, Principal Chief General Manager, Executive Director, Deputy Governor, and Governor.
Additional Benefits
Apart from the salary, RBI Grade B Officers receive various allowances such as dearness allowance, house rent allowance, medical allowances, leave fare concession, and more. These benefits enhance their financial well-being and quality of life.
Work Timings
RBI promotes a good work-life balance with fixed working hours from 10 AM to 6 PM, Monday to Friday. However, officers may be called in urgently if necessary.
Preparation Tips
- Create a structured study schedule.
- Take mock tests to understand the exam pattern.
- Solve previous years’ papers.
- Stay updated with current affairs in economics and banking.
- Use reliable study materials and focus on understanding concepts.
- Join study groups for discussion and motivation.
For detailed information and to apply, visit the official RBI Website starting from July 25, 2024.
